Genasys Inc. (NASDAQ:GNSS) Short Interest Up 51.4% in June

Genasys Inc. (NASDAQ:GNSS) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 268,600 shares, a growth of 51.4% from the June 15th total of 177,400 shares. Based on an average trading volume of 80,600 shares, the days-to-cover ratio is currently 3.3 days.

Genasys Stock Down 3.0 %

GNSS traded down $0.08 during trading on Monday, reaching $2.57. 17,273 shares of the company’s stock were exchanged, compared to its average volume of 90,113. Genasys has a fifty-two week low of $1.51 and a fifty-two week high of $3.92. The business has a 50 day moving average price of $2.03 and a 200 day moving average price of $1.98.

Genasys (NASDAQ:GNSS) last posted its earnings results on Tuesday, May 14th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The business had revenue of $5.74 million during the quarter, compared to the consensus estimate of $7.05 million. Genasys had a negative net margin of 71.72% and a negative return on equity of 46.55%. During the same period in the previous year, the firm earned ($0.09) EPS. On average, analysts anticipate that Genasys will post -0.56 EPS for the current year.

Hedge Funds Weigh In On Genasys

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its stake in Genasys by 2.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 380,000 shares of the company’s stock worth $771,000 after buying an additional 10,000 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in shares of Genasys by 64.4% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 52,600 shares of the company’s stock worth $107,000 after acquiring an additional 20,600 shares in the last quarter. Russell Investments Group Ltd. grew its position in Genasys by 2.4% during the 4th quarter. Russell Investments Group Ltd. now owns 446,806 shares of the company’s stock worth $907,000 after acquiring an additional 10,419 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Genasys by 49.4% during the 4th quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock valued at $63,000 after purchasing an additional 10,212 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in Genasys in the 4th quarter valued at $62,000. 40.04% of the stock is owned by institutional investors and hedge funds.

About Genasys

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.